Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Previously writing on homewares group Portmeirion (PMP), in May I noted after less than 2 months ago “we look forward into 2019 with confidence” … a significantly below market expectations profit warning, concluding, with the shares lower towards 900p, and with I also having previously noted from “expect profit before tax to be in line with market expectations for the full year” to “pre-tax profits are expected to be materially below” in less than two months, to avoid. The first ‘Headline’ of its 1st August-announced interims was “First half results are in line with our expectations set out in the 14 May 2019 trading update and we anticipate achieving full year expectations” – and now a “Trading Update”…
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